Bachelor of Commerce in Information and Technology Management;
Bachelor of Commerce in Supply Chain Management;
PROGRAMME
Bachelor of Commerce in Entrepreneurship;
Bachelor of Commerce in Retail Management;
Bachelor of Commerce in Project Management
MODULE Management Accounting
YEAR Two (2
INTAKE January 2023 Semester 1
Marks 30
Downloaded by Athi (athidikana@gmail.com)
, lOMoARcPSD|23479258
QUESTION ONE (10 Marks)
1.1
Management accountants advocate that marginal costing is superior to absorption costing when
assisting management with decision-making.
In light of the above statement, discuss in detail the advantages of marginal costing as the basis of
management reporting. (6)
1.2 Justify whether management accounting is required in non-profit organisations. (4)
QUESTION TWO (20 Marks)
2.1
Mo Salah is employed by Liverpool Limited. The normal working week is 45 hours. Mo Salah worked
for 48 hours during the last week of March 2022. He is remunerated at R90 per hour during normal
working hours. Overtime is calculated at 1.5 times the normal rate. The following are her deductions for
the week:
· Medical aid fund R400
· Pension fund 8% of the normal wages
· Income tax R850
Liverpool Limited contributes the same amount as the employees towards the medical aid fund and
pension fund.
Required:
Calculate the net wage of Mo Salah for the last week of March 2022. (10)
Downloaded by Athi (athidikana@gmail.com)
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through EFT, credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller athidikana803. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for R54,00. You're not tied to anything after your purchase.
